CVS Cigarette Ban Will Drive Away $2 Billion in SalesBy
CVS Caremark earned a lot of praise and goodwill when it announced in February that it would stop selling cigarettes in its 7,700 stores—and it didn’t come cheap. After the company’s latest earnings report, we now have a real sense of the tobacco-free toll on the drugstore chain’s business: $2 billion in lost revenue over a full year.
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